Insights articles https://www.gam.com Larry Hatheway on Markets - April 2017 https://www.gam.com/en/insights-content/2017/macroeconomics/larry-hatheway-on-markets-april-2017/ GAM Chief Economist and Head of Investment Solutions Larry Hatheway comments on the outlook for global fixed income and equity markets. 2017-04-28T00:00:00 All Eyes on the UK https://www.gam.com/en/insights-content/2017/market-views/all-eyes-on-the-uk/ Following the triggering of Article 50 and confirmation of the snap election on 8 June, the UK’s political journey is being closely monitored and greatly speculated upon by market participants around the world. GAM Investment Director Tim Haywood comments on why his home market has also become his favourite short. 2017-04-25T00:00:00 The Remote But Real Risk in European Equity Markets https://www.gam.com/en/insights-content/2017/investment-opinions/risk-in-european-equity-markets/ Political risk is very much back on the agenda and even seemingly remote out comes cannot be discounted. While Gianmarco Mondani, Roberto Cantaluppi and Paolo Longinotti are wary of potential turbulence, they are also optimistic about the return to the market of differentiation at the stock level. 2017-04-21T00:00:00 Cheer or Fear? The European Investment Dilemma https://www.gam.com/en/insights-content/2017/investment-opinions/cheer-or-fear/ Europe’s election calendar reads like a political minefield, with prospects appearing all the more bleak with the French elections throwing up the possibility of a break-up of the euro zone and the European Union. Julian Howard, head of Multi Asset Solutions, considers the dilemma this presents for investors, particularly in light of an improving economic and earnings picture for both France and Europe. 2017-04-19T00:00:00 China: An Under-researched Market https://www.gam.com/en/insights-content/2017/thematic/china-an-under-researched-market/ Jian Shi Cortesi, who has been managing a consumer-focused China equity strategy for more than three years, provides an overview of the prevailing stock-picking environment. 2017-04-13T00:00:00 A Game You ‘Probably’ Can't Lose https://www.gam.com/en/insights-content/2017/investment-opinions/you-probably-cant-lose/ GAM Systematic’s Dr Ewan Kirk and Dr Tom Gillam pay a short visit to a world of odds-based binary bets and apply their findings to a more familiar financial landscape. 2017-04-11T00:00:00 Pair Trades to Pare Risk https://www.gam.com/en/insights-content/2017/investment-opinions/pair-trades-to-pare-risk/ In recent years, accessing the cheap beta of equity markets has been one of the best ways to invest. However, with dispersion becoming increasingly evident and potential political storm clouds gathering on the horizon, GAM portfolio managers Andy Kastner and Désirée Mueller ponder whether it might be a good time to reconsider a market neutral approach to investing in European equities. 2017-04-06T00:00:00 Argentina – Expecting Entry Points to Materialise https://www.gam.com/en/insights-content/2017/investment-opinions/argentina-expecting-entry-points-to-materialise/ Argentina’s economic history is complex and unfortunate, characterised by booms and dramatic busts in recent decades. Tim Love, Investment Director for emerging market equities, discusses why Argentinian equities will soon present a buying opportunity. 2017-04-04T00:00:00 Beware a Receding Tide https://www.gam.com/en/insights-content/2017/investment-opinions/beware-a-receding-tide/ As featured in Investment Week, Niall Gallagher, Investment Director for European equities at GAM, considers the outlook for European markets. 2017-03-30T00:00:00 Alternative Risk Premia Are Here to Stay https://www.gam.com/en/insights-content/2017/thematic/alternative-risk-premia-are-here-to-stay/ A Q&A with Lars Jaeger, pioneer of alternative risk premia strategies. Together with his GAM Systematic team, he manages the strategy that invests in risk premia and celebrates the strategy’s five-year anniversary in March. 2017-03-28T00:00:00 Larry Hatheway on Markets - March 2017 https://www.gam.com/en/insights-content/2017/macroeconomics/larry-hatheway-on-markets-march-2017/ GAM Chief Economist and Head of Investment Solutions Larry Hatheway comments on the outlook for global fixed income and equity markets. 2017-03-27T00:00:00 Japan - Taking the Best out of an Underappreciated Market https://www.gam.com/en/insights-content/2017/thematic/taking-the-best-out-of-an-underappreciated-market/ A Q&A with Ernst Glanzmann, Head of Japan, and Reiko Mito, portfolio manager. Together they manage a Japanese equity strategy which celebrates its 25-year anniversary in March. 2017-03-24T00:00:00 Emerging Market Debt – Plenty of Upside Left https://www.gam.com/en/insights-content/2017/thematic/emerging-market-debt-plenty-of-upside-left/ A Q&A with Enzo Puntillo, Head of Fixed Income at GAM in Zurich. Together with his team, he manages various emerging market debt portfolios. The unconstrained “best ideas” strategy just marked its three-year anniversary. 2017-03-23T00:00:00 Preparing for Normalisation https://www.gam.com/en/insights-content/2017/investment-opinions/preparing-for-normalisation/ US stock indices are trading at, or near record highs, US household wealth is booming and US inflation is edging ever closer to the Federal Reserve’s (Fed) 2% target. Anthony Smouha and Gregoire Mivelaz, who co-manage a number of GAM’s credit strategies, ponder the implications of a potential ‘normalisation’ of monetary policy for fixed-income investors. 2017-03-21T00:00:00 Oil Supply Falling Behind Demand https://www.gam.com/en/insights-content/2017/thematic/oil-supply-falling-behind-demand/ The International Energy Agency last week highlighted growing risks to the oil supply as a result of underinvestment. Robert Cominotto, investment director for energy equities at GAM, considers the possible implications for the global oil market. 2017-03-16T00:00:00 Hedge Fund Performance Update - February 2017 https://www.gam.com/en/publications/gam-insight/2017/hedge-fund-performance-february-2017/ Convertible Arbitrage – Back from the Dead? 2017-03-10T00:00:00 Should Investors Switch into Cyclical Stocks? https://www.gam.com/en/insights-content/2017/investment-opinions/should-investors-switch-into-cyclical-stocks/ Since July 2016, we witnessed a massive rotation from the defensive segments of the equity market into cyclical stocks. Carlo Capaul, GAM’s Head of Global Equities in Zurich, believes that investors need to weigh up the risks carefully before jumping on a moving train. 2017-03-09T00:00:00 LSE Alternative Investments Conference - Algorithm Aversion https://www.gam.com/en/insights-content/2017/thematic/lse-alternative-investments-conference/ Dr Ewan Kirk, Chief Investment Officer of GAM Systematic’s Cantab team, spoke at the LSE Alternative Investments Conference in London in January 2017. He questioned why investors in general are sceptical of systematic trading while long term performance seems to indicate that the performance of models is at least as good as that of humans. So why the scepticism? 2017-02-28T00:00:00 Larry Hatheway on Markets - February 2017 https://www.gam.com/en/insights-content/2017/macroeconomics/larry-hatheway-on-markets-february-2017/ GAM Chief Economist and Head of Investment Solutions Larry Hatheway comments on the outlook for global fixed income and equity markets. 2017-02-23T00:00:00 Tech Themes For 2017 https://www.gam.com/en/insights-content/2017/thematic/tech-themes-for-2017/ As technology evolves, new themes and opportunities open up for investors. As featured in Citywire, Mark Hawtin, GAM Investment Director, puts forward his thematic predictions for 2017, and explains why the future is not in handsets... 2017-02-14T00:00:00 Will Politics Trump Economics? https://www.gam.com/en/insights-content/2017/investment-opinions/will-politics-trump-economics/ President Donald Trump has inherited an economy that is in much better shape than his predecessor did eight years ago. Nonetheless the new president has ambitious plans for his first 100 days in office. As featured on CNBC, Larry Hatheway, Chief Economist and Head of GAM Investment Solutions, considers just how much President Trump can achieve and what the likely impact on capital markets will be. 2017-02-13T00:00:00 Themes and Trends for Luxury in 2017 https://www.gam.com/en/insights-content/2017/thematic/themes-and-trends-for-luxury-in-2017/ After three painful years, the luxury sector is turning a corner. This shift is bringing new investment opportunities, but GAM investment director Scilla Huang Sun believes that the recovery will not be uniform across the sector, meaning careful stock selection is key. She presents the trends and themes to watch this year. 2017-02-09T00:00:00 Change is in the Air https://www.gam.com/en/insights-content/2017/thematic/change-is-in-the-air/ Tim Haywood, investment director for absolute return strategies looks ahead to 2017 where, after a year of shock results and unexpected outcomes, two signs of change have materialised on the fixed income horizon. 2017-02-07T00:00:00 Hedge Fund Performance Update - January 2017 https://www.gam.com/en/publications/gam-insight/2017/hedge-fund-performance-january-2017/ Merger arbitrage a lower-risk option to play US regulatory changes. 2017-02-06T00:00:00 Larry Hatheway on Markets - January 2017 https://www.gam.com/en/insights-content/2017/macroeconomics/larry-hatheway-on-markets-january-2017/ GAM Chief Economist and Head of Investment Solutions Larry Hatheway comments on the outlook for global fixed income and equity markets. 2017-01-31T00:00:00 Industry Update: US Mortgage Market https://www.gam.com/en/publications/us-mortgage-market/us-mortgage-market-update-q4-2016/ Update for Q4 2016 from Gary Singleterry, Investment Director, and Tom Mansley, Investment Director. 2017-01-26T00:00:00 Emerging Markets: Another Year, Another Opportunity https://www.gam.com/en/insights-content/2017/regional/emerging-markets-another-year-another-opportunity/ Paul McNamara, investment director responsible for GAM’s emerging market strategies, looks ahead to 2017 and reflects that the likely drivers of EM local currency bond markets are the same ones that led to overall outperformance last year. 2017-01-24T00:00:00 Trump: Can He? https://www.gam.com/en/insights-content/2017/investment-opinions/trump-can-he/ The inauguration of Donald Trump as the 45th President of the United States will be held tomorrow in Washington, D.C, marking the commencement of his four-year term in office. As featured on Citywire Wealth Manager, Julian Howard, Head of Multi Asset Solutions at GAM, considers what would constitute truly successful US economic policy and whether President-elect Trump can deliver it. 2017-01-19T00:00:00 Has China put the Brake on M&A? https://www.gam.com/en/insights-content/2017/thematic/has-china-put-the-brake-on-ma/ Roberto Bottoli, manager of GAM’s merger arbitrage strategy, discusses the significance of new capital controls measures imposed by China, namely restrictions on outbound mergers and acquisitions, and whether the political standoff between China and other countries on cross-border M&A is likely to be resolved. 2017-01-17T00:00:00 EU Equities – Selection is Key https://www.gam.com/en/insights-content/2017/regional/eu-equities-selection-is-key/ As featured on Investment Week, Niall Gallagher, Investment Director for European equities at GAM, explains why European companies continue to offer investors interest opportunities for returns in 2017, but warns that careful stock selection will be key. 2017-01-12T00:00:00